ACNB Corp (ACNB) EVP receives stock grant; part withheld for taxes
Rhea-AI Filing Summary
ACNB CORP executive Brett D. Fulk received an equity award and had shares withheld for taxes. On March 13, 2026, he acquired 3,239.2934 shares of ACNB Corporation common stock as a grant under the ACNB Bank Variable Compensation Plan and the ACNB Corporation 2018 Omnibus Stock Incentive Plan at $46.42 per share. One-third of this restricted stock is fully vested on March 13, 2026, with the next one-third vesting on January 1, 2027 and the final third on January 1, 2028. The issuer withheld 315.1838 shares on the grant date to cover tax liabilities, which is reported as a disposition but was not an open-market sale. After these transactions, Fulk directly holds 3,971.6283 ACNB Corporation common shares.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ACNB Corporation Common | 3,239.2934 | $46.42 | $150K |
| Exercise Price or Tax Liability | ACNB Corporation Common | 315.1838 | $46.42 | $15K |
Footnotes (3)
- F1. The date of execution was determined in accordance with SEC Rule 16a-3(g)(2) and (g)(4).
- F2. One-third (1/3) of this Variable Equity Award, granted in the form of restricted stock under the ACNB Bank Variable Compensation Plan and pursuant to the ACNB Corporation 2018 Omnibus Stock Incentive Plan, is 100% vested as of the Grant Date of March 13, 2026, with the next one-third (1/3) 100% vested as of January 1, 2027, and the final one-third (1/3) 100% vested as of January 1, 2028.
- F3. The shares disposed were withheld by the Issuer and/or its subsidiary ACNB Bank for payment of the tax liability by withholding of securities, on the first one-third (1/3) vested as of the Grant Date of March 13, 2026, in accordance with SEC Rule 16b-1. For clarification, the executive did not sell the shares.
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